The First of Long Island Corporation

In the early 1920's, Long Island's North Shore farmers and small business owners traveled to New York City to do their banking which is approximately 30 miles away from Glen Head, New York. For local residents, it became difficult for them to complete their banking transactions and receive loans from banks in the city due to the distance. Through the hard efforts of local residents, $50,000 in capital was raised and The First National Bank of Glen Head opened their doors for business on October 1, 1927 right at the corner of Glen Head Road & Glen Cove Avenue. The original Officers of the Bank included G. Thomas Powell, President; Harry Tappan, Vice President; and Robert S. Miller, Cashier; who managed the Bank's very first branch in Glen Head. In 1956, the Bank opened its second branch in Roslyn, NY as a full service office and continued to expand its branch footprint over the years by opening more locations in Nassau and Suffolk Counties on Long Island and in Manhattan. In July of 1978, The First National Bank of Glen Head officially changed its name to The First National Bank of Long Island. We are very proud of our success which is measured by the Bank's rich history in the local communities we serve and the generations of customers that have grown with us over the years. As the Bank "Where Everyone Knows Your Name®", our commitment is to deliver quality, personalized service to affluent consumers, small businesses, middle market prospects and professionals such as doctors, dentists, attorneys and CPA's. Our outstanding service is what differentiates us from our competition. All of our branches are staffed by knowledgeable and professional account officers with broad based banking expertise, who focus on building relationships, not transactions. We offer a complete array of consumer and business banking products, including Checking and Savings accounts, Commercial and Residential Lending Services and Investment Management products & services.
Type
Public
HQ
Glen Head, US
Size (employees)
302 (est)
Website
fnbli.com
The First of Long Island Corporation is headquartered in Glen Head, US

The First of Long Island Corporation Office Locations

The First of Long Island Corporation has an office in Glen Head
Glen Head, US (HQ)
10 Glen Head Rd

The First of Long Island Corporation Metrics

The First of Long Island Corporation Financial Metrics

Revenue (2015)

$92.1 m

Revenue growth (2014-15), %

12%

Net income (2015)

$25.9 m

Market capitalization (28-Apr-2017)

$650.1 m

Closing share price (28-Apr-2017)

$28

Cash (31-Dec-2016)

$36.9 m
The First of Long Island Corporation's current market capitalization is $650.1 m.
The First of Long Island Corporation's revenue was reported to be $92.1 m in FY, 2015 which is a 12% increase from the previous period.
FY, 2013FY, 2014FY, 2015

Revenue

$74.9 m$82 m$92.1 m

Revenue growth, %

10%12%

Cost of goods sold

$12.4 m$15 m

Gross profit

$62.5 m$66.9 m

Gross profit Margin, %

83%82%

Operating expense total

$39.5 m$42 m

EBIT

$59.5 m$63.7 m$71.3 m

EBIT margin, %

79%78%77%

Interest income

$62.5 m$66.9 m$75.6 m

Pre tax profit

$27 m$29.1 m$33.4 m

Income tax expense

$5.7 m$6.1 m$7.5 m

Net Income

$21.3 m$23 m$25.9 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$35.5 m$32.9 m$39.6 m$36.9 m

Accounts Receivable

Inventories

Total Assets

$2.4 b$2.7 b

Accounts Payable

Total Debt

$395.5 m$481.5 m$577.2 m$586.2 m

Retained Earnings

$157.1 m$170.1 m$185.1 m$203.3 m

Total Equity

$206.6 m$233.3 m

Debt to Equity Ratio

1.9 x2.1 x

Debt to Assets Ratio

0.2 x0.2 x

Financial Leverage

11.6 x11.7 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$21.3 m$23 m$25.9 m$30.9 m

Depreciation and Amortization

$2.8 m$2.9 m$3 m$3.2 m

Accounts Receivable

Inventories

Accounts Payable

($155 k)($1.1 m)

Cash From Operating Activities

$39.7 m$35.6 m$35.3 m$35.6 m

Cash From Investing Activities

($339 m)($320.5 m)($416.8 m)($401.8 m)

Long-term Borrowings

($74.6 m)($31.8 m)

Dividends Paid

($6.9 m)($9.7 m)($10.8 m)($12.1 m)

Cash From Financing Activities

$292.6 m$282.4 m$388.2 m$363.5 m

Interest Paid

$10.9 m$15.7 m$18.4 m$21.2 m

Income Taxes Paid

$6.3 m$6.2 m$8.1 m$9 m

The First of Long Island Corporation Market Value History

The First of Long Island Corporation Company Life

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